Ann: Vmoto's 2Q24 Market Update, page-5

An interesting read.

Better than I was expecting.

V, if you get a chance could you run some numbers and help me understand the following.....................

1. Cash balance increased from $39.2m to $41.7m (+$2.5m). Draw down facility gone from $3.4 to $3.3m. So a net improvement of $2.6m. This despite...
2. Conducting small holding buyback
3. Paying installments on Nanjing V2.
4. Paying (I assume) a chunk for the Thailand op.

Does it go back to MrL's article about significant overall increase in sales (taking in parts etc).Gotta admit, I have not seen any confirmation of what underins that.

Are you able to quantify the contributions / expenditures so the 'story' is understandable?

Looking ahead, we can pencil in 2h sales of @4000 for Vammo and Xenion alone. Thailand comng on line in q4(?) or is that 25Q1. Can't remember.

I still don't understand what is driving China sales.

Cheers